Park Edge acquires 12,640 shares in Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE)
Park Edge Advisors LLC recently disclosed the acquisition of 12,640 shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) during the 4th quarter, valued at around $354,000. This move was highlighted in the firm’s most recent disclosure with the Securities & Exchange Commission.
This purchase by Park Edge Advisors LLC adds to the trend of hedge funds and institutional investors showing interest in Grayscale Ethereum Trust (ETH). Other entities like Windle Wealth LLC, Virtu Financial LLC, Phraction Management LLC, United Capital Management of KS Inc., and TRU Independence Asset Management 2 LLC have also made significant investments in the cryptocurrency trust.
Grayscale Ethereum Trust (ETH) has seen a 2.5% increase in trading, with shares opening at $27.88 on a recent trading day. The stock has a 50-day moving average price of $29.28 and a two-hundred-day moving average price of $25.29, with a 12-month trading range between $17.62 and $36.28.
Grayscale Ethereum Trust (ETH) is described as a technology commercialization company specializing in the cybersecurity sector. The company works closely with European university partners to identify promising cybersecurity intellectual property (IP) from research that addresses real-world challenges in the industry.
Investors interested in exploring other investment opportunities similar to Grayscale Ethereum Trust (ETH) can check out HoldingsChannel.com for the latest 13F filings and insider trades related to this cryptocurrency trust.
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In conclusion, the acquisition of shares in Grayscale Ethereum Trust (ETH) by Park Edge Advisors LLC underscores the growing interest of institutional investors in cryptocurrencies like Ethereum. This investment in a cutting-edge technology commercialization company signals confidence in the future prospects of the cybersecurity sector.
